Pell Campus- Based Programs Karen Trail and Julie Brumbaugh Texas Womans University 2015 ABC...
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Transcript of Pell Campus- Based Programs Karen Trail and Julie Brumbaugh Texas Womans University 2015 ABC...
![Page 1: Pell Campus- Based Programs Karen Trail and Julie Brumbaugh Texas Womans University 2015 ABC Workshop.](https://reader035.fdocuments.us/reader035/viewer/2022062600/5a4d1b697f8b9ab0599b2666/html5/thumbnails/1.jpg)
Pell & Campus-Based ProgramsKaren Trail and Julie BrumbaughTexas Woman’s University 2015 ABC Workshop
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FEDERAL PELL GRANT
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Pell Grant• Undergraduate, prior to earning first Bachelors/Professional degree (includes foreign
degrees)
• Post-baccalaureate program– the program does not lead to a graduate degree;– the school offering the program does not also offer a bachelor’s degree in
education;– the student is pursuing an initial teacher certification or licensing credential within
a state; and– consists of the courses required by a state to receive a professional certification or
licensing credential necessary for employment as a teacher in an elementary or secondary school in that state
• Amount of Pell is linked to EFC, enrollment, and school’s COA– See chart
• Student may be eligible for payment at any enrollment status
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Pell LEU
• Pell Lifetime Eligibility Unit
• Students limited to 600% in lifetime Pell award– 100% = two full semesters at full-time enrollment
• Pell LEU is tracked in COD– Person Search – click on Pell link
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Pell LEU
• Students who have received over 500% in lifetime eligibility at the end of the 13/14 award year will have reduced eligibility for the 14/15 award year
• ISIR contains comment code regarding Pell LEU– 346 – student is close to lifetime eligibility (over 500%)– 347 – student has reached lifetime eligibility (600%) or is
over– Other comment codes related to PELL LEU exist for students
who are under 500% and are displayed on SAR for student
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Pell Grant
• An initial calculation is the first calculation of a student’s Federal Pell Grant award.
• The institution must use the current, documented enrollment status (may be a projected status).
• If no date documented, the date of initial calculation is the later of:– Processed date of the initial SAR or ISIR, or– Date the student enrolls
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Pell Grant
• Earliest possible date is date of receipt of an EFC from an ED product (assuming Pell Payment Schedule has been issued), such as:– SAR or ISIR with an official EFC (processing date)– FAA Access EFC– FAFSA on the Web EFC
• School may choose a later date such as completion of verification
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Pell Grant• Pell can be recalculated when:
– Enrollment status changes between terms
– Student never begins attendance in one or more classes
• Lump sum payment according to work completed in prior payment periods– Must use final enrollment status of prior terms with no disbursements
– If final enrollment status for the term is different from initial calculation, must recalculate
– Include in enrollment status only courses completed (includes earned F’s and incompletes)
– Cannot include drops or withdrawals in enrollment status
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Pell Grant-Institutional Options
• Recalculations for changes in enrollment status– Recalculates for all changes in enrollment status during the term– Does not recalculate for changes in enrollment status at any time in a term
after initial calculation (assumes student has begun all classes)– Does not recalculate after a Pell recalculation date
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Pell Grant-Institutional Options• May have a Pell recalculation date
– For term– By course
• A student’s ultimate Pell recalculation date for the term is the Pell recalculation date of the last course the student attends or is expected to attend
• If a student drops, withdraws from, or adds a class before Pell recalculation date, must recalculate based on any change in enrollment status through that Pell recalculation date
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CAMPUS-BASED PROGRAMS
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Campus-Based Programs
The campus-based programs:
• Federal Supplemental Educational Opportunity Grant Program (FSEOG)
• Federal Work-Study Program (FWS)
• Federal Perkins Loan Program
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School Participation in Campus-Based Programs
• Must be approved to participate
• Annually must complete Fiscal Operations Report and Application to Participate (FISAP) to:
– Apply for funds for next award year
– Report previous award year expenditures
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Campus-Based Programs Common Provisions
• Matching requirement
• Transfer of funds between programs
• Carry-forward and carry-back options
• Use of funds for independent students and part-time students
• Administrative Cost Allowance (ACA)
• Underutilization of funds
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FSEOG Program
Program-specific requirements:
• Student eligibility
• Minimum and maximum award amounts
• Selection groups criteria
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FWS Program
Program-specific requirements:
• Student eligibility
• Award amounts
• Use of funds
• Eligible employment
• Payments to students
• Community service
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Federal Work-Study Program
• If school does not meet community service expenditure requirements, it must return FWS funds to ED
• Amount returned is difference between what school should have spent and amount actually spent for community service
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Federal Work-Study Program
Community service positions:
• Services designed to improve the quality of life for community residents, particularly low-income individuals, or to solve particular problems related to their needs
• Except for support services offered by the school to its students with disabilities, all on-campus positions must be for services that are open and accessible to the community
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Federal Perkins Loan Program
• Because the Federal Perkins Loan is being phased out, schools may not make Federal Perkins Loans to new borrowers after September 30, 2015
• If the first disbursement of a 2015-2016 Federal Perkins Loan occurs prior to October 1, 2015 the school may make the remaining disbursements of that loan.
• Please see attached Dear Colleague Letter GEN-15-03 for detailed guidance.
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Federal Perkins Loan Program
• To receive a Federal Perkins Loan, student must demonstrate a willingness to repay the loan
• Delinquency or default on a previous student loan indicates student is unwilling to repay new loan
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Federal Perkins Loan Program
• School must use either paper Federal Perkins Loan Master Promissory Note (Perkins MPN) or electronic version of the note (eMPN)
• Student may choose to use the MPN as either a single or multiple award year note, if school offers multiple year MPN
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Federal Perkins Loan Program
School must provide certain loan information called pre-disbursement disclosures before making the first disbursement of a loan for an award year
Exit counseling is required before a borrower ceases at least half-time attendance
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Federal Perkins Loan Program
Loan repayment benefits:– Deferment
– Forbearance
– Cancellation
– Discharge
• Failure to repay can result in default
• A borrower may rehabilitate a defaulted loan only once
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Perkins• Need-based loan
• Federal Loan, Institution acts as Lender and Servicer
• Interest Rate: 5%
• Grace period: 9 months
• Maximum repayment term: 10 years
• Undergraduate and Graduate students are eligible
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Perkins Loan Limits
Undergraduate annual limit $5,500Undergraduate Aggregate limit$27,500Graduate annual limit $8,000 Graduate Aggregate limit$60,000
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QUESTIONS?
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Campus-Based ProgramsTrivia Game!
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Campus-Based Programs Trivia Game Question #1
• Campus-Based funds must be made reasonably available to independent and part time students if the institution’s allocation is directly or indirectly based on the ….
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Campus-Based Programs Trivia Game!
A. Number of enrolled students? B. Financial need of such students? C. Number of financial aid applicants? D. Number of applicants for admission?
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Campus-Based Programs Trivia Game
• The answer is B. Financial need of such students.
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Campus-Based Programs Trivia Question (2)
• An institutions policy statement used in awarding FSEOG can include?
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Campus-Based Programs Trivia Questions!
• A. Only students receiving Federal Pell Grants are eligible to receive FSEOG?
• B. Proration of award amounts for students enrolled less than full-time?
• C. Discrimination based on less than half-time enrollment?
• D. Cancellation of FSEOG awards for students who accept FWS?
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Campus-Based Programs Trivia Answer for Question #2
• The answer is B Proration of award amounts for students enrolled less than full time.
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Campus-Based Programs Trivia Question #3
• To be included in the first FSEOG selection group, a student must?
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Campus-Based Programs Trivia Answers
A. Have an Expected Family Contribution equal to zero? B. Receive a Federal Grant during the same award year as the FSE0G is requested ? C. Be enrolled in at least 12 credits? D. Be enrolled in the first academic year of an educational program?
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Campus-Based ProgramsTrivia Answer to Question 3
• The answer is B• Receive a Federal Pell Grant during the same
award year as the FSEOG is requested.
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Federal Pell Grant Trivia GameQuestion 1
A students eligibility for a Federal Pell Grant is based on a student’s ?
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Pell Grant Trivia Game!
• A. Program of Study?• B. 9-month Estimated Family Contribution ?• C. Satisfactory Academic Progress ?• D. 12-month Estimated Family Contribution ?
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Pell Grant Trivia Game!
• Answer is• B. 9-month Estimated Family Contribution
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Pell Grant Trivia Game! Question #2
The amount of a Federal Pell Grant or IASG that may be paid to a student enrolled full time for a full time academic year is based on the student’s?
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Pell Grant Trivia Game Question #2
• A. Financial need and grade level ?• B. Cost of Attendance and Estimated Family
Contribution?• C. Cost of Attendance and grade level ?• D. Estimated Family Contribution and
residency?
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Pell Grant Trivia Game Answer to Question #2
The answer is B Cost of Attendance and Estimated Family Contribution are factors for determining the amount of Federal Pell Grant or IASG paid to a student enrolled full time/academic year.
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Pell Grant Trivia Game! Question #3
• Which of the following is considered half-time enrollment for a Federal Pell Grant award calculated using Formula 1?
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Pell Grant Trivia Game #3
• A. 5, but no more than 7 hours?• B. 6, but no more than 8 hours?• C. half of the number of hours for which the
student is enrolled?• D. 7.5 hours?
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Pell Grant Trivia Game! #3
The answer is B. “6”, but no more than 8 hours.